Raymond James Financial, Inc. $RJF Shares Sold by CW Advisors LLC

CW Advisors LLC trimmed its position in shares of Raymond James Financial, Inc. (NYSE:RJF) by 10.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 89,696 shares of the financial services provider’s stock after selling 9,977 shares during the period. CW Advisors LLC’s holdings in Raymond James Financial were worth $13,757,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Waterloo Capital L.P. raised its holdings in shares of Raymond James Financial by 2.0% during the second quarter. Waterloo Capital L.P. now owns 3,302 shares of the financial services provider’s stock valued at $506,000 after buying an additional 64 shares during the last quarter. Level Four Advisory Services LLC raised its stake in Raymond James Financial by 2.4% during the 2nd quarter. Level Four Advisory Services LLC now owns 2,880 shares of the financial services provider’s stock valued at $442,000 after acquiring an additional 67 shares in the last quarter. Capital Investment Advisors LLC boosted its position in Raymond James Financial by 0.9% during the 2nd quarter. Capital Investment Advisors LLC now owns 7,629 shares of the financial services provider’s stock worth $1,170,000 after acquiring an additional 68 shares during the period. EP Wealth Advisors LLC boosted its position in Raymond James Financial by 5.5% during the 1st quarter. EP Wealth Advisors LLC now owns 1,506 shares of the financial services provider’s stock worth $209,000 after acquiring an additional 78 shares during the period. Finally, Tectonic Advisors LLC grew its stake in shares of Raymond James Financial by 2.6% in the second quarter. Tectonic Advisors LLC now owns 3,199 shares of the financial services provider’s stock worth $491,000 after purchasing an additional 80 shares in the last quarter. Institutional investors own 83.83% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on RJF. Morgan Stanley upped their price objective on shares of Raymond James Financial from $176.00 to $184.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 1st. Weiss Ratings restated a “hold (c+)” rating on shares of Raymond James Financial in a research report on Wednesday, October 8th. JMP Securities increased their price objective on shares of Raymond James Financial from $185.00 to $190.00 and gave the company a “market outperform” rating in a report on Thursday, October 23rd. TD Cowen boosted their target price on Raymond James Financial from $175.00 to $180.00 and gave the stock a “hold” rating in a report on Thursday, October 23rd. Finally, Cowen restated a “hold” rating on shares of Raymond James Financial in a research report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $177.20.

Raymond James Financial Stock Performance

Shares of RJF opened at $158.86 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.07 and a quick ratio of 1.04. The firm’s 50 day moving average is $161.53 and its 200-day moving average is $160.24. Raymond James Financial, Inc. has a 12-month low of $117.57 and a 12-month high of $177.66. The stock has a market capitalization of $31.24 billion, a P/E ratio of 15.44, a P/E/G ratio of 1.16 and a beta of 0.99.

Raymond James Financial (NYSE:RJF) last issued its earnings results on Wednesday, October 22nd. The financial services provider reported $3.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.83 by $0.28. The firm had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.64 billion. Raymond James Financial had a net margin of 13.42% and a return on equity of 18.19%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the firm posted $2.95 earnings per share. Equities research analysts anticipate that Raymond James Financial, Inc. will post 11.17 EPS for the current fiscal year.

Raymond James Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, January 2nd will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, January 2nd. This is a positive change from Raymond James Financial’s previous quarterly dividend of $0.50. Raymond James Financial’s payout ratio is presently 19.44%.

About Raymond James Financial

Raymond James Financial, Inc, a financial holding company, through its subsidiaries, engages in the underwriting, distribution, trading, and brokerage of equity and debt securities, and the sale of mutual funds and other investment products in the United States, Canada, Europe, and internationally. The company operates through Private Client Group, Capital Markets, Asset Management, RJ Bank, and Other segments.